When the first coin, DOGE, was released in 2013, it didn’t seem to show strong potential as a store of value, and many considered it a joke. In 2017, DOGE proved the naysayers right – indeed, it was all about jokes and memes. Except for one part, however – this time he had also created millions from his investors. Today, over 300 meme coins are listed on CoinMarketCap, with coins like Mehracki (MKI) creating unique use cases for tokens, following the same vision that made DOGE the crypto giant that It is.
Mehracki (MKI) is a promising token that seeks to change the crypto user experience and community activities. Before moving on to Mehracki, let’s talk about Dogecoin (DOGE)
Dogecoin (DOGE) is a decentralized peer-to-peer token that offers a fun, open-source, and easy-to-use alternative to Bitcoin (BTC). Dogecoin (DOGE) is basically traded on Binance Smart Chain, which offers due to its low transaction fees, high scalability, and fast transaction throughput. Although the DOGE coin is thought to have little practical use, its strong community and following, as well as its speculative potential, put it far ahead of coins with obvious applications. This explains why by May 2022, DOGE had reached a market cap of over $11 billion, joining the ranks of the 10th largest cryptocurrency by market cap.
Nevertheless, DOGE has suffered its own degree of instability, especially as its value fell around 10% at the end of April, and analysts such as Motley Fool have predicted that we will see another 5% decline over the course of the next two weeks.
Usually, the value of meme tokens like DOGE is based on the endorsement, hype, FOMO, and community activities of influencers. Their valuation fluctuates with market interest.
As such, their unpredictability and lack of real-world applications often deter investors from taking the plunge.
However, Mehracki is very different from regular meme pieces as it aims to offer real use cases.
Mehracki (MKI) is a community-driven wellness meme token built on Solana and developed to help users generate wealth for investors and promote feel-good moments and activities for people of the whole world. Pronounced “may-rah-kee”, Mehracki is a word that describes bringing the trinity of soul, creativity and love into everything one does. According to the Mehracki (MKI) white paper, the platform is poised to become one of the pioneers of the meme coin industry revolution, sponsoring activities and causes that will make the world a better place.
Crypto users are getting bored and tired of the industry’s repetitive coins and tokens, so Mehracki (MKI) incorporates real-world use cases to enhance user experience and deepen the crypto community’s love for cryptocurrencies. For the creators of Mehracki, the goal is not just to change the “meh” feeling that crypto users get. Mehracki’s actual application will revolve around cheap, fast and borderless transactions, with a primary focus on industries aimed at making us feel good – hospitality and tourism. This will help to stimulate community growth, understanding and fusion of beliefs.
Over time, the goal is to grow Mehracki into an ecosystem encompassing a utility token, wellness NFTs, DAOs, staking and yield farming, and a marketplace where tourism and hospitality businesses will be showcased with honest reviews.
With MKI, users can feel good and worry less with the official utility token from the Mehracki ecosystem. The token will help verify and authenticate transactions made within the Mehracki platform. Payments with MKI will be gamified with multiple rewards at different stages to promote usage of the token.
Another innovative twist is that transactions will be gamified based on merchants purchased, amount spent, and active referrals. As users level up in the system, they get more rewards and discounts on certain services. For users and their loved ones, it just means a healthier experience that doesn’t require breaking the bank.
However, using Mehracki will not be entirely free. Each transaction will incur a 0.5% fee which will be used to maintain the ecosystem through staking rewards, a liquidity pool, payment incentives with MKI, and rewards for developer contributions to the network Mehracki.
You should be totally on the lookout and jump on the presale. Follow the links below to learn more.